torounit/custom-post-type-permalinks — pull request #8 by KoenRijpstra (2013-09-26 09:35:45+00:00)
Title: If the taxonomy rewrite is hierarchical the $termlink is already correct...

.... No need to add the parents.

get_term_link already makes a hierarchical link: http://core.trac.wordpress.org/browser/tags/3.6.1/wp-includes/taxonomy.php#L3107